M&A in Auto Industry Inevitable as It Matures, Emphasizes CCIC Auto Chamber President

Published: Jun 6, 2025 14:34

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[Wang Xia, President of the Automotive Industry Chamber of Commerce of the China Chamber of International Commerce: Mergers and Acquisitions in the Automotive Industry Are an Inevitable Phenomenon as the Industry Approaches Maturity] At the "2025 China Auto Chongqing Forum" held in Chongqing, Wang Xia, President of the Automotive Industry Chamber of Commerce of the China Chamber of International Commerce, stated that compared to price wars, the technological competition in China's EV industry appears more positive. Following performance competitions in driving range, charging speed, and functional competitions in "refrigerators, TVs, and large sofas," the advent of solid-state batteries, large models, AI integration into vehicles, and intelligent driving equity has followed in quick succession. "However, unexpected incidents such as battery fires, autonomous driving malfunctions, and hidden door handle traps also remind us from time to time that safety must always be the bottom line in the new technology competition." Wang Xia believes that mergers and integrations are the inevitable result of "cut-throat competition" and an important means to manage it. In accordance with the laws of market economy development, mergers and acquisitions are an inevitable phenomenon as the industry approaches maturity.

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